2005-10-05_GENERAL DOCUMENTS - C1989074

• Permit No: C1989074
• IBM Index Class Name: General Documents
• Doc Date: 10/5/2005
• Doc Name: AVS File
• Media Type: D
• Archive: No

Randall & Blake, Inc.
Board Meeting Minutes
March 19, 1998
In attendance:
Richard Randall Randy Maher Jeff Kahler Pamela Randall
Marge Cocchiarella Todd Williams Eric Reger Jeff Croll
Meeting came to order at 10:10 a.m.
I) Rick Randall made a motion to approve the last meeting minutes as amended. Eric Reger
seconded this motion and all were in favor.
11) Cash position & financial statement by Jeff Kahler (year end financial results)
A) Cash is looking a little better as of today.
B) We are tapped-out on the line of credit. $440,000 left with $550,000 in checks to
go out.
C) Cash flow projection in 1998. Jeffs report shows that we will need a line of $2.6
million and we will still be tapped-out. It will be tight for at least 6 months.
D) A comment was made about putting retainage money into investments so that we
can get interest on our money.
E) G&A needs to be bridled.
F) Receivables have improved but are still reaching the 60 day mark.
III) Work on Hand (Eric Reger)
A) For the time being we will merge team 24 into 21. We will have to look at the
equipment situation.
B) Every division does work in progress, even the service divisions as the process
alone will show them a lot about their work.
IV) Roll-Off Business (Todd Williams/Dave Burnley)
A) Successfully did the LRI/A-I partnership with Organic Recycling Services.
B) We need to check the rate on equipment.
C) CCL Organics was doing $120/year at inception but hasn't added much more.
We are evaluating their numbers to determine the minimum and maximum we
can charge.
D) Screening Plant: Orix has a repossessed 1994 Trommel screen616 model. Should
we get it for CCL Organics?
I) Jody made a motion that we not buy the Trommel screening plant and see
if something better comes along. This was seconded by Rick Randall and
all were in favor of the motion.
- Randall & Blake, Inc. Page I -